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Security

ALK

BA

Boeing Company (NYSE:BA) faces increased scrutiny after U.S. Secretary of State Antony Blinken had to switch from a modified Boeing 737 due to an oxygen leak. This follows a January 5 incident involving an Alaska Air Group Inc (NYSE:ALK) flight where a Boeing 737 had a door plug blow out. The series of setbacks has led to a significant decline in net trust for Boeing, with a recent survey showing a 12 percentage point drop since December. Boeing's stock is currently trading at $211.92, down 19% year-to-date in 2024.

Portfolio Pulse from Chris Katje

January 18, 2024 | 8:53 pm

META

At the World Economic Forum in Davos, leaders discussed AI's impact on society and the need for human oversight. Meta's Nick Clegg called for AI democratization and regulatory balance. Mustafa Suleyman of Inflection AI highlighted AI's disruptive potential and the need for adaptable regulations. Politicians emphasized AI's role in misinformation, healthcare, education, and the need for global rules. Ukraine's Dmytro Kuleba spoke on AI in warfare, stressing its transformative effects on global security. The panel concluded with calls for technological adaptation, democratizing AI, cultural and political transformation, global collaboration, and recognizing military implications.

Portfolio Pulse from Piero Cingari

January 18, 2024 | 7:34 pm

CYLC

The SEC charged three individuals with a microcap pump-and-dump scheme involving County Line Energy (CYLC), and ordered Medsis International to pay $15.9 million for securities fraud. The CFTC filed a complaint against Yueyu Bao for a fictitious sales scheme on the Chicago Board of Trade's Globex system.

Portfolio Pulse from Neil Dennis

January 18, 2024 | 4:48 pm

VEON

VEON has completed a preliminary assessment of the financial impact caused by a cybersecurity incident at its Ukrainian subsidiary Kyivstar in December 2023. The incident had affected the network and services of Kyivstar.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 8:50 am

AMKAF

SHEL

The U.S. has reclassified the Houthi rebels as terrorists after their second attack on an American-operated ship in the Red Sea, disrupting global trade. Major shipping companies like A. P. Moller Maersk A/S have rerouted vessels, leading to increased freight rates and war risk premiums. Shell PLC has suspended Red Sea shipments due to security concerns. The U.S. aims to cut off the rebels' funding and weapons with the terrorist designation, while maintaining security in vital trade routes.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 2:47 am

ALK

BA

Alaska Airlines' technicians have completed preliminary inspections of a group of their 737-9 MAX aircraft following a request from the FAA.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 8:15 pm

USO

The UK Maritime Trade Operations reported a vessel being hit by an unmanned aerial system in the Red Sea, south of Yemen. The responsible party was not identified.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:28 pm

USO

Iran conducted an airstrike in Pakistan's Balochistan province, killing two children and prompting Pakistan to condemn the attack as an 'unprovoked violation of airspace' with warnings of retaliation. Iran claimed the strike targeted militants responsible for attacks in Iran. The incident escalates tensions in the Middle East, following Iran's missile strikes in Iraq and Syria against alleged Israeli targets. The U.S. condemned the strikes as 'reckless,' and the UN called for dialogue. The broader conflict includes Israel's war in Gaza, U.S. strikes against Houthi targets in Yemen, and attacks on U.S. troops by Iranian proxies.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:46 pm

GLD

SPY

VIXM

The CBOE VIX volatility index, known as Wall Street's 'fear gauge,' reached a two-month high of 14.5, indicating increased market volatility and investor concern. The ProShares VIX Mid-Term Futures ETF (VIXM) rose 2.4% in response. The S&P 500 and SPDR S&P 500 ETF Trust (SPY) previously gained 16% as the VIX fell from 21 to around 12. Market expectations of Federal Reserve rate cuts are being reassessed due to recent economic data and Fed member comments, suggesting a more cautious approach to rate cuts. Geopolitical tensions, particularly in the Middle East, are also contributing to market uncertainty, although they have not significantly impacted oil prices or traditional safe-haven assets like gold and Treasuries, with the SPDR Gold Shares ETF (GLD) remaining flat.

Portfolio Pulse from Neil Dennis

January 17, 2024 | 2:33 pm

JAMF

Jamf (NASDAQ:JAMF) starts 2024 as the sole provider of a combined management and security platform for Apple's ecosystem. It offers a solution that consolidates multiple tools, saving resources for organizations. Jamf's customer base includes top companies and institutions, and its security solutions contribute to 21% of its total ARR. The company has enhanced its products, including Jamf Pro 11 and Jamf Protect, and has integrated with major platforms like Google Chronicle and Microsoft Sentinel. Jamf also focuses on Zero Trust Network Access, Single Sign-On, and education solutions like Jamf Safe Internet. It has been recognized for its workplace environment and is committed to diversity and ESG initiatives.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:25 pm